Attached files
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| 8-K - CURRENT REPORT - NaturalShrimp Inc | shmp_8k.htm |
Exhibit 99.1
NaturalShrimp To Preview Plant Operations in Iowa
-Company
to meet with State and Local Officials on Opening Processing Plant
in Webster City Facility
-Additional Information on Shelf Registration
Dallas, Texas, March 11, 2021 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE
-- NaturalShrimp, Inc., an aquaculture Company, which has developed
and patented the first commercially operational Recirculating
Aquaculture System (RAS) for shrimp, announced today
that it is scheduled to preview the
Webster City, IA plant with local officials and Debi Durham,
Director of the Iowa Economic Development Authority. An invitation
has also been extended to Governor Kim Reynolds. Topics and preview
will include the planned stocking of the hatchery shrimp on March
23, 2021 and the development of a seafood processing center at the
plant.
Gerald Easterling, CEO of NaturalShrimp added, “NaturalShrimp
has been working with local elected officials and have had
operations underway for approximately 45 days. We are very excited
to preview the hatchery tanks and the installation of our EC and
Hydrensis equipment. We also look forward to discussing with the
elected officials and Director plans to open a seafood processing
plant. It is expected that this processing plant will generate
significant value-added revenue and create approximately 50 new
jobs.”
William Delgado, CFO of Natural Shrimp added “We are pleased
that our initial investment in the Alder Aqua facility is going
well. We continue on our timetable to deliver fresh shrimp to the
upper Midwest region. In addition, our recent S-3 filing will be
instrumental in paying off our remaining debt and preferred shares.
This financing will also include a $10,000,000 expansion at the
Texas facility, effectively tripling the size. This equity
financing, which is referenced by our June 17, 2020 8K, will allow
us additional capital to make future acquisitions as they become
available.”
ABOUT NATURAL SHRIMP:
NaturalShrimp, Inc. is a publicly traded aqua-tech Company,
headquartered in Dallas, with production facilities located near
San Antonio, Texas. The Company has developed the first
commercially viable system for growing shrimp in enclosed,
salt-water systems, using patented technology to produce fresh,
never frozen, naturally grown shrimp, without the use of
antibiotics or toxic chemicals. NaturalShrimp systems can be
located anywhere in the world to produce gourmet-grade Pacific
white shrimp.
Forward Looking Statements
This press release contains "forward-looking statements." The
statements contained in this press release that are not purely
historical are forward-looking statements. Forward-looking
statements give the Company's current expectations or forecasts of
future events. Such statements are subject to risks and
uncertainties that are often difficult to predict and beyond the
Company's control, and could cause the Company's results to differ
materially from those described. In some cases forward-looking
statements can be identified by terminology such as "may,"
"should," "potential," "continue," "expects," "anticipates,"
"intends," "plans," "believes," "estimates," and similar
expressions. These statements include statements regarding moving
forward with executing the Company's global growth strategy. The
statements are based upon current beliefs, expectations and
assumptions and are subject to a number of risks and uncertainties,
many of which are difficult to predict. The Company is providing
this information as of the date of this press release and does not
undertake any obligation to update any forward looking statements
contained in this press release as a result of new information,
future events or otherwise, except as required by law. We have
based these forward-looking statements largely on our current
expectations and projections about future events and financial
trends affecting the financial condition of our business.
Forward-looking statements should not be read as a guarantee of
future performance or results, and will not necessarily be accurate
indications of the times at, or by, which such performance or
results will be achieved. Important factors that could cause such
differences include, but are not limited to the Risk Factors and
other information set forth in the Company's Annual Report on Form
10-Q filed on February 16, 2021, and in our other filings with the
U.S. Securities and Exchange Commission.
Contact:
Richard Brown
508-462-9638
SOURCE: Natural
Shrimp